Prime

Terror insurance cost jumps 10pc as malls take cover

Smoke rises from the Westgate shopping mall in Nairobi on September 23, 2013 after a terror attack. FILE

Insurance companies have raised premium charges for terrorism cover by up to 20 per cent, loading an extra burden on firms that are anxious to protect their business from terror attacks.

Chief executive of African Trade Insurance Agency (ATI), George Otieno, said premiums have in the past five months increased by between 10 and 20 per cent as demand for terrorism cover has surpassed uptake of insurance against political violence.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.

Get it First!

Stay up to date on the editors' picks of the week.

Latest

  1. PRIME CBK fines record 33 banks for loan rate breaches

  2. PRIME Fraud-linked QVSE owner returns with new scheme

  3. PRIME Average digital loan jumps to Sh16,341 as more Kenyans borrow for food, fees

  4. PRIME “Breathtaking”: Adventure across Greece in 10 days

In the headlines

View All